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HKMA: End-Feb Total Assets of Exchange Fund at $4,040.9B, Down $5.7B MoM
Recommend 8 Positive 2 Negative 4 |
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The Hong Kong Monetary Authority (HKMA) announced that the total assets of the Exchange Fund amounted to HK$4,040.9 billion as at February 29, 2024, HK$5.7 billion lower than that at the end of January 2024. Foreign currency assets decreased by HK$3.6 billion and Hong Kong dollar assets decreased by HK$2.1 billion. The decline in foreign currency assets was mainly due to reduction in the month-end balances of unsettled purchase of securities, which was partly offset by interest income from investments and mark-to-market revaluation of investments. The decline in Hong Kong dollar assets was mainly due to a decrease in placements with banks, which was partly offset by mark-to-market revaluation of Hong Kong equities. AAStocks Financial News |
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